Crane NXT, Co. (NYSE:CXT) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP increased its holdings in Crane NXT, Co. (NYSE:CXT) by 76.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 67,290 shares of the company’s stock after purchasing an additional 29,136 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Crane NXT were worth $3,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new position in shares of Crane NXT during the third quarter valued at $486,000. Centiva Capital LP acquired a new position in Crane NXT during the 3rd quarter valued at about $525,000. Holocene Advisors LP bought a new stake in shares of Crane NXT during the 3rd quarter worth about $490,000. Stifel Financial Corp lifted its stake in shares of Crane NXT by 60.6% in the 3rd quarter. Stifel Financial Corp now owns 43,627 shares of the company’s stock worth $2,448,000 after acquiring an additional 16,465 shares during the period. Finally, State Street Corp boosted its holdings in shares of Crane NXT by 1.6% in the third quarter. State Street Corp now owns 1,443,518 shares of the company’s stock valued at $80,981,000 after acquiring an additional 22,041 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

CXT has been the subject of a number of research analyst reports. Northland Securities downgraded Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 target price for the company. in a research report on Tuesday, February 18th. Northland Capmk cut Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

Crane NXT Trading Down 3.9 %

Shares of NYSE:CXT opened at $45.05 on Monday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 14.12 and a beta of 1.21. Crane NXT, Co. has a 1-year low of $42.83 and a 1-year high of $67.01. The company has a 50 day moving average price of $56.66 and a 200 day moving average price of $57.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. On average, research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, February 28th. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.51%. Crane NXT’s dividend payout ratio is currently 21.32%.

Crane NXT Company Profile

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.